- § 8-3-70 - Bonds -- Power of Authorities to Issue Bonds; Types of Bonds; Security for Bonds
An authority shall have power to issue bonds from time to time, in its discretion, for any of its corporate purposes. An authority shall...
- § 8-3-71 - Bonds -- Liability of Commissioner, State, and Political Subdivisions; Status of Bonds in Regard to Constitutional and Statutory Debt Limitations and Restrictions
(a) Neither the commissioners of an authority nor any person executing the bonds shall be liable personally on the bonds by reason of the...
- § 8-3-72 - Bonds -- Exemption of Bonds and Interest From Taxation; Article As Contract by Housing Authorities and State With Bondholders and Transferees
Bonds of an authority are declared to be issued for an essential public and governmental purpose and to be public instrumentalities. All such bonds...
- § 8-3-73 - Bonds -- Form; Terms; Rate of Interest
Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date...
- § 8-3-74 - Bonds -- Public Sale of Bonds; Exceptions
The bonds of an authority may be sold at public or private sale in such a manner and for such price as the authority...
- § 8-3-75 - Bonds -- Validity of Signatures; Negotiability
In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such...
- § 8-3-76 - Bonds -- Effect of Recital of Purpose on Face of Bond
Any bond reciting in substance that it has been issued by an authority to aid in financing a housing project to provide dwelling accommodations...
- § 8-3-77 - Powers of Authorities As to Securing Payment of Bonds and Lease Obligations
In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds...
- § 8-3-78 - Remedies of Obligee of an Authority Generally
An obligee of an authority shall have the right, in addition to all other rights which may be conferred on such obligee, subject only...
- § 8-3-79 - Additional Remedies Conferrable on Obligee by an Authority
An authority shall have power by its resolution, trust indenture, mortgage, lease, or other contract to confer upon any obligee holding or representing a...
- § 8-3-80 - Exemption of Property of Authorities From Execution Sale; Charges or Liens on Property of Authorities; Enforcement of Mortgages, Pledges, or Liens by Obligees of Authorities
All real property of an authority shall be exempt from levy and sale by virtue of an execution; and no execution or other judicial...
- § 8-3-81 - Bonds and Other Obligations of Authorities As Legal Investments
Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and public...
Last modified: October 14, 2016